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$12.1 Billion Global Military Drones Market Size, Growth, Segmentation And Forecast Research Report



The Business Research Company’s Military Drones Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.

The military drones market consists of sales of military drones and related services. The military drones are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. Military drones include tactical drones, MALE (Medium altitude, long endurance) drones, HALE (High altitude, long endurance) drones, TUAV (Tactical unmanned air vehicle) drones, UCAV (Unmanned combat air vehicle) drones, SUAV (Small unmanned air vehicle) drones, and others.

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Increasing government funding on military drones to enhance efficiency in military operations boosts the demand for the production of military drones. According to the 2018 report published by the Bard College Center for the Study of the Drone, in 2019 U.S. Navy funding for unmanned systems increased by $1 billion (38%) and U.S Army funding increased by $719 million (73%) when compared to the 2018. Furthermore, Department of Defense in U.S requested approximately $9.39 billion for drones and associated technologies in the fiscal year 2019 representing a significant expansion of 26% in drone spending over 2018 budget, $7.5 billion. Hence, the increasing government spending on unmanned drones is driving the military drones market.

Drone swarm technology is growing its popularity in the military drones market due to its cost efficiency and high fire-power. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue and attacks on hostile objects. Drone swarm technology involves the production of several small cheap drones than one large expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time. With the use of advanced swarm technologies, military and armed forces can effectively carry out lethal drone strikes in multiple places at once.

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The military drones market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America, Middle East & Africa. The North American market is the largest market for military drones and is expected to continue to be the largest market during the forecast period

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